Paper Packaging Market: Predicted Growth of 4.1 Percent

According to a new report by Future Market Insights (FMI), the global paper packaging market is estimated to expand at a CAGR (compound annual growth rate) of 4.1 percent and reach 463.4 billion US-Dollar by 2028.

Future Market Insights suggests that the growing consumption of packaged food and consumer goods will boost the demand for paper packaging in the coming years. “Suitability of corrugated boxes, cartons, and paper bags to pack a large variety of products from different end-use industries such as electrical & electronics, food & beverages, healthcare, homecare, building & construction, and tobacco, will create enormous growth opportunities in the global paper packaging market.” Considering the high-growth opportunities arising from the e-commerce industry and a large number of packaging applications of paper packaging formats, most of the manufacturers of paper packaging solutions in the developed, as well as developing economies, were planning to expand their production capacities.

The South Asian paper packaging market is expected to increase at a CAGR of 5.9 percent over the forecast period, the Dubai-based provider of market intelligence and consulting services informed. East Asia’s paper packaging market – which includes a country-level analysis for China, Japan, South Korea, and Rest of the East Asia – would represent the highest share in terms of value and is predicted to grow at a CAGR of 4.2 percent over the same period. “North America and Europe are going steady, as they are giving a second thought to opt for 100 percent paper to save on deforestation,” FMI stated. “Africa could still boast of dense forests. The paper packaging thing hasn’t reached it completely as yet.”

(Published in GLOBAL RECYCLING Magazine 3/2022, Page 35, Photo: Francesco Romeo /